US President Biden embraces ‘Bidenomics’ in bold but risky move

WASHINGTON – The United States’ unemployment rate has been under 4 per cent for 16 months in a row, President Joe Biden posted on Twitter on Wednesday as he headed to Chicago to deliver a rousing message on his economic record and priorities.

During a speech at the city’s historic Old Post Office, he laid out a transformational vision,

seizing on the “Bidenomics” label

that emphasises building the economy “from the middle out and the bottom up” in a decisive break from failed trickle-down economics.